Black Ridge Oil & Gas, Inc. (the "Company" or "Black Ridge") (OTCQB:ANFC) has finalized its previously announced transaction with S-FDF, LLC related to the freeze-dried foods business.
Recent developments advancing the growth of the Company include the establishment of a new management team, addition of new Board members, and the planned move of the corporate headquarters to Irving, Texas. Production is expected to begin at the Irving-based, 20,000 square foot state-of-the art facility in January of 2021. Additional announcements regarding the Company's name change and product launch will be forthcoming.
The newly established management team comprises of Ira Goldfarb, Executive Chairman; Claudia Goldfarb, CEO; and the team's recent addition of Brad Burke, Interim CFO. Mr. Burke brings a wealth of knowledge regarding the SEC and investor relations gained from his recent position as the Senior Vice President of Corporate Finance and Investor Relations at CBRE. In this role he led CBRE's investor relations strategy, acting as the interface between the company and CBRE's shareholders. He also led CBRE's forecasting, budgeting, and financial analysis activities. The addition of this experienced and dynamic executive team will allow the Company to position itself as an industry leader in the better-for-you snack and food space.
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